Other questions in this quiz

2. Does the discussion of law have persuasive or binding authority?

  • Persuasive
  • Binding

3. What is the main policy reason to why the courts have been reluctant to allow C to recover for pure economic loss?

  • Quantifying losses
  • Floodgates
  • Insurance
  • Compensation for bad bargains

4. What is the case to explain the difference between consequential economic loss and pure economic loss?

  • CHAUDHRY V PRABHAKER
  • DERRY V PEEK
  • SPARTAN STEEL V MARTIN
  • CAPARO V DICKMAN

5. What happened in DERRY V PEEK?

  • Agreement to prevent C from gambling, breached duty but failed because C could've bet somewhere else.
  • Investor asked insurance company for advice on an investment and sued for the negligent advice given. D not liable.
  • D said they had a licence to runs trams, C sued when they invested and lost money when the licences weren't granted. D not liable.
  • Involved health food franchises

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